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Who Can — And Who Should — Take The American Opportunity Credit?

If you have a child in college, you may be eligible to claim the American Opportunity credit on...

2016 IRA Contributions — It’s Not Too Late!

Yes, there’s still time to make 2016 contributions to your IRA. The deadline for such contributions...

When An Elderly Parent Might Qualify As Your Dependent

It’s not uncommon for adult children to help support their aging parents. If you’re in this...

Deduct All Of The Mileage You’re Entitled To — But Not More

Rather than keeping track of the actual cost of operating a vehicle, employees and self-employed...

Do You Need To File A 2016 Gift Tax Return By April 18?

Last year you may have made significant gifts to your children, grandchildren or other heirs as...

What You Need To Know About The Tax Treatment Of ISOs

Incentive stock options allow you to buy company stock in the future at a fixed price equal to or...

The “Manufacturers’ Deduction” Isn’t Just For Manufacturers

The Section 199 deduction is intended to encourage domestic manufacturing. In fact, it’s often...

The Investment Interest Expense Deduction: Less Beneficial Than You Might Think

Investment interest — interest on debt used to buy assets held for investment, such as margin debt...

Brown, Edwards & Company, L.L.P. Acquires Dixon Hughes Goodman LLP’s Roanoke Practice

PRESS RELEASE January 23, 2017

Deduction For State And Local Sales Tax Benefits Some, But Not All, Taxpayers

The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu...